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Mar 13, 2013
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i don't see republicans accepting a tax increase. democrats are going to insist on a tax increase. and so we're really not going to get there. i think we'll do it in piecemeal form with continuing resolutions but any big efforts are really just not able to happen. >> it sounds like if that's the case, forget the last couple of months of coverage of these rolling fiscal cliffs. sounds like that's what we're in for from here on out. >> i'm not sure. i agree with tony that essentially republicans gave a tax increase to the president as part of the fiscal cliff deal at the end of the year. $600 billion tax hikes on the wealthiest. they view that as over. they've done their tax increase. they're not going to do another one. democrats absolutely refuse now to do any serious entitlement reforms. i don't think there's an appetite for brinkmanship we saw in the past. both sides want a continuing resolution done that keeps the government open starting at the end of march. we get to debt ceiling during the summertime and republicans won't raise the death ceiling unless we have cuts and democr
i don't see republicans accepting a tax increase. democrats are going to insist on a tax increase. and so we're really not going to get there. i think we'll do it in piecemeal form with continuing resolutions but any big efforts are really just not able to happen. >> it sounds like if that's the case, forget the last couple of months of coverage of these rolling fiscal cliffs. sounds like that's what we're in for from here on out. >> i'm not sure. i agree with tony that essentially...
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Mar 21, 2013
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the cuts and tax credits elsewhere. getting government spending down was necessary. the tax rise was necessary. but without growth, it can't work. and it's that lack of growth which has choked off this recovery and its deficit reduction plan. he did nothing yesterday. it was just more of the same. and i think around the world people will look tech uk and say if you wanted to know whether in a country even with a floating exchange rate could cut spending as a root to growth, they used to call it expansionary fiscal contraction. dead in the water. >> chancellor, thanks very much for joining us. kelly, back to you. >> great stuff there. and it's good to see you even if it's all the way across the city. coming up, when the the fed stop easing? deutsche bank's top economists think it could be by tend of the year. we'll put some questions to him when we come back. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet
the cuts and tax credits elsewhere. getting government spending down was necessary. the tax rise was necessary. but without growth, it can't work. and it's that lack of growth which has choked off this recovery and its deficit reduction plan. he did nothing yesterday. it was just more of the same. and i think around the world people will look tech uk and say if you wanted to know whether in a country even with a floating exchange rate could cut spending as a root to growth, they used to call it...
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Mar 19, 2013
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and then the europeans steps in to stem the decline with the absolute dumbest plan i had seen, to tax the depositors, the small-time depositors of a country with hot money, perhaps hot laundered money from russia. that's right. the europeans with the help of the imf reminding you just how stupid of the concept of the euro is, how intendable it is to keep your money in a european bank. the moronic plan gave a super reason to go right back into gold. now before i tell you how i think you're going to get still more fantastic chance to buy the precious metal, let me say i don't want to fall prey to the notion what should happen will happen. i think if i had money in the european bank, i would say to heck with it, i'm going put it in an american bank. who needs this worry. i would typically feel that way if i were wealthy and had the ability to wire the money with a key stroke to let's say jpmorgan where i got my money now. even with the revelations, revelations i should add, brought to light by jpmorgan itself. it's so easy to move your money, i can't believe any wealthy person stays in t
and then the europeans steps in to stem the decline with the absolute dumbest plan i had seen, to tax the depositors, the small-time depositors of a country with hot money, perhaps hot laundered money from russia. that's right. the europeans with the help of the imf reminding you just how stupid of the concept of the euro is, how intendable it is to keep your money in a european bank. the moronic plan gave a super reason to go right back into gold. now before i tell you how i think you're going...
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Mar 21, 2013
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is a tax is a tax. if you tax something more, you get less of it. piling on new taxes is always bad for economic growth period. and yet out of washington comes yet another proposal for another tax. this one known as the marketplace fairness act but it is just a national internet sales tax. could even hit your itunes downloads later on. last night here on "the kudlow report," republican senator kelly ayotte spoke out against this bill. take a listen. >> i think we need to rename this legislative proposal for what it is because what it is is it's the internet tax collection act. for those who believe that this is some kind of conservative bill, this isn't my idea of conservative. this is not about small government, this is about forcing businesses in states like mine with no sales tax to become the tax collectors for the nation. >> there you go. well said, senator. i say this is a big government, unprecedented power grab. it's paving the way, by the way, to a national sales tax. i truly believe that. but
is a tax is a tax. if you tax something more, you get less of it. piling on new taxes is always bad for economic growth period. and yet out of washington comes yet another proposal for another tax. this one known as the marketplace fairness act but it is just a national internet sales tax. could even hit your itunes downloads later on. last night here on "the kudlow report," republican senator kelly ayotte spoke out against this bill. take a listen. >> i think we need to rename...
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Mar 20, 2013
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around 15,000 and those below 100,000 would go tax free. on top of that, bond holders would have to be bailed in and there's talks that cyprus could sell state assets in banks and gas reserves most likely to russian investors but at this point all of the hopes are being pinned on what's coming out of russia and if all of this fails here's an interesting twist to the story. the archbishop has said that we're happy to give the state all of our resources which would be at least 3 billion euros to help the economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people can access their money in cyprus. >> absolutely. initial
around 15,000 and those below 100,000 would go tax free. on top of that, bond holders would have to be bailed in and there's talks that cyprus could sell state assets in banks and gas reserves most likely to russian investors but at this point all of the hopes are being pinned on what's coming out of russia and if all of this fails here's an interesting twist to the story. the archbishop has said that we're happy to give the state all of our resources which would be at least 3 billion euros to...
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Mar 21, 2013
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closer to that $5.8 billion that troika wants them to come up, when they originally, why don't you tax depositors. this reduces that. secondly, it also protects everybody under 100,000 euros. everybody in both banks stays protected underneath the insurance threshold. now, who's going to end up getting taxed, levied, taking a haircut, anybody who's got over 100,000 euros in the account. they're going to probably suffer on-paper losses of 30 to 40%, maybe 50%. for that, they'll be given stakes in a new bank, in the new bank that will hopefully over time give them money or the wind-down of the assets of the old bank, the bad bank will pay them off over time. that's the situation. the employees are angry because they're worried they're going to lose their jobs. it's quite possible, because once you have two banks come together, what do you do? you get rid of branches, you have synergies in employment as the institution merges the together. the employees here are very, very angry about what they've heard. >> it's not the family. it's germany and other countries. they are not our friends. >>
closer to that $5.8 billion that troika wants them to come up, when they originally, why don't you tax depositors. this reduces that. secondly, it also protects everybody under 100,000 euros. everybody in both banks stays protected underneath the insurance threshold. now, who's going to end up getting taxed, levied, taking a haircut, anybody who's got over 100,000 euros in the account. they're going to probably suffer on-paper losses of 30 to 40%, maybe 50%. for that, they'll be given stakes in...
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Mar 19, 2013
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twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional levies on the counts of above 250,000 euros. i'm not sure if the math adds up to what cyprus needs to contribute so it would agree with european lenders. what's interesting about this is 6.75%, again, roughly consistent with what we were hearing prior to the fact that the international community wanted smaller deposit holders to be spared. those under 20,000 euros would be. but those between 120,000 paying 6.75% and crucially we know cypress didn't want this double digit tax increase on bigger accounts, this would keep the levy at 9.9% for deposits above 100,000 euros. potentially some pressure from the
twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional...
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Mar 18, 2013
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those above the threshold pay 9.9% tax. the total revenue raised is expected to hold just shy of 6 billion euros. the rescue package is slated to begin today around 1500 cet. in the meantime, we're getting comment out of russia. seen as perhaps the targeted party here, i should say, with regard to some of the deposit taxes that are being pushed through on cipriot banks. for example, putin via spokesman has apparently called the levy, if approved, unfair, unprofessional and dangerous. european markets are in the red across the board as we've seen today. the ftse 100 down almost 1% and the xetra dax better than 1%. the ibex 35 is down 2%, roughly the same amount for the ftse mib. we can tell you that spanish and italian bonds have risen both on banks and for some of the periphery, showing pressure, as well. here is a look at some european banks. a mix there. on the left, you can see spain. banco santander down almost 4% some some cases. unicredit down almost 5%. moving to the french banks, credit agricole and bnp are showing
those above the threshold pay 9.9% tax. the total revenue raised is expected to hold just shy of 6 billion euros. the rescue package is slated to begin today around 1500 cet. in the meantime, we're getting comment out of russia. seen as perhaps the targeted party here, i should say, with regard to some of the deposit taxes that are being pushed through on cipriot banks. for example, putin via spokesman has apparently called the levy, if approved, unfair, unprofessional and dangerous. european...
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Mar 20, 2013
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>> i think when the 2% payroll tax went into effect in february of last month, the entire retail and consumer category, in terms of consumer behavior, was modified, as a result of that 2%. we have since, and i think others have seen it come back, so that was a tough period, where people had to adjust for that 2% dilution in their paycheck. i am cautiously optimistic about the economy. it seems as if, despite the unemployment, despite the debt, that consumers are spending, and we are enjoying the same level of success that we've enjoyed the last 12 months in the u.s. business. having said that, i think one has to be incredibly concerned about the fragile nature of western europe, what's happening in cyprus, and other geopolitical issues that ultimately affect the united states. >> what about the minimum wage in this country, howard? is $7.25 enough. lots of pushes to take that up to $9, as president obama has talked about. the average starbucks barista, according to glassdoor website, makes $8.78 an hour. >> well, that's a little misleading, but i'll come back to that. you know, i thi
>> i think when the 2% payroll tax went into effect in february of last month, the entire retail and consumer category, in terms of consumer behavior, was modified, as a result of that 2%. we have since, and i think others have seen it come back, so that was a tough period, where people had to adjust for that 2% dilution in their paycheck. i am cautiously optimistic about the economy. it seems as if, despite the unemployment, despite the debt, that consumers are spending, and we are...
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Mar 18, 2013
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the new tax on deposits, let's call it what it is, a wealth tax, has americans worrying about other tax havens. more than $20 trillion held around the world in offshore havens. their favorite tax havens are in the caribbean. namely the cayman islands, bahamas, british virgin islands. globally the channel islands, monaco, switzerland and swing pore. caribbean countries in much better financial shape and more stable legal systems than cyprus. the capital structure of some of these offshore banks remains a mystery. governments in the tiny island nations are notoriously prone to corruption and sudden policy shift. many say cyprus isn't likely to repeat soon. the crisis is another reason offshoring may become more risky for the world's wealthy. >> thank you so much, robert frank. >>> i'll talk exclusively with john thain next. >>> the potential for europe crisis to spread here. >>> later, march madness is here. should you keep your portfolio on the bench during the tournament? stay with us. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose
the new tax on deposits, let's call it what it is, a wealth tax, has americans worrying about other tax havens. more than $20 trillion held around the world in offshore havens. their favorite tax havens are in the caribbean. namely the cayman islands, bahamas, british virgin islands. globally the channel islands, monaco, switzerland and swing pore. caribbean countries in much better financial shape and more stable legal systems than cyprus. the capital structure of some of these offshore banks...
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Mar 18, 2013
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that's much higher than the russian corporate tax and the cyprus corporation tax. what happens then? >> larry, it's a bigger issue than that. because it's all about transparency. if the european central bank gets its hands on records in the republic of cyprus, all these little stories and hidden basic constructs will all become transparent. it's all about uncovering billions of dollars in dirty money. >> how will they do that? what i'm asking is, haven't the banks shielded the russians from all this? russian parks goods there. they send them off to iran and syria and other rogue states. money has never been a problem. cyprus has never reported them. why start now? >> they are going to be under a lot of pressure. they'll be under the ecb gun and have to clean up their act. as an absolute spin-off from that, they are going to have to be more transparent. it's going to happen. they can't do that. cyprus is their last vestage of offshore financial centers. they are all signing contracts with the u.s. and uk and germany. the only alternative they have to go all the way
that's much higher than the russian corporate tax and the cyprus corporation tax. what happens then? >> larry, it's a bigger issue than that. because it's all about transparency. if the european central bank gets its hands on records in the republic of cyprus, all these little stories and hidden basic constructs will all become transparent. it's all about uncovering billions of dollars in dirty money. >> how will they do that? what i'm asking is, haven't the banks shielded the...
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Mar 18, 2013
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you can tax depositors or you could tax the entire country. which would have spread the pain among tax payers. they started to spike on the fear that this could lead to a contagion. we haven't seen bank lines in italy or spain, which was the fear. it certainly raised a lot of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really jumps out to you? >> i'll tell you what, and i am totally serious about this. when i walked in, this is a little earlier than our regular time. people are walking around, taking care of issues from friday. people have come up and said i understand this is a little island with a gdp that's in fan tess mal. i'll tell you what, i'm kind of shocked that it made that jump. i understand that at a time where computerization allows every government on the planet to track and have say complete financial audit trail of everything anybody has, whether it's in this count
you can tax depositors or you could tax the entire country. which would have spread the pain among tax payers. they started to spike on the fear that this could lead to a contagion. we haven't seen bank lines in italy or spain, which was the fear. it certainly raised a lot of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really...
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Mar 19, 2013
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or no tax. so they may have avoided imposing that 10% tax, but it certainly doesn't shore up any confidence in keeping your money in banks there. bill? >> all right. bertha, thank you very much. >> that's what it's all about. >> that is the key, right there. let's talk about it in today's "closing bell" exchange. steven hammers out there in the ether somewhere. it's randy batsman here next to me and our own rick santelli. rick, we're all getting a civics lesson on cyprus, that little tiny island in the eastern mediterranean. should in this matter with you putting a portfolio together here in the united states? >> oh, absolutely. have you noticed that the european central figures are a bit like the lemmings. every few quarters, they decide to take their launch off the cliff. and this time, i can't imagine who thought this was a good idea. i mean, if you look at cyprus' economy, there are two major factors to that economy. tourism and financial services. you could kill the financial services immed
or no tax. so they may have avoided imposing that 10% tax, but it certainly doesn't shore up any confidence in keeping your money in banks there. bill? >> all right. bertha, thank you very much. >> that's what it's all about. >> that is the key, right there. let's talk about it in today's "closing bell" exchange. steven hammers out there in the ether somewhere. it's randy batsman here next to me and our own rick santelli. rick, we're all getting a civics lesson on...
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Mar 18, 2013
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how did one potential bank tax on an island give everybody a market wedgejy? i asked, it's like fill in the blank. here's responses. it's like a 20 buck battery grounding entire 787 fleet. an unpruned tree in ohio taking down the entire northeastern power grid. like a kim kardashian marriage. only lasts a short while and utterly meaningless. bloomberg banning large sodas. sailing a carnival ship and expecting to make it home. like me giving a rip about honey boo boo's next show. >> i love all of those. >> i liked them all till the last one. jane wells has clearly not redneckognized that's a hot show. >> when you have to subtitle white people. >> thank you so much. we'll check out your blog. funny business. thanks for watching "street signs," everybody. >> closing bell. will we end the day higher? "closing bell," the most important hour of the trading day, is next. >>> hi, everybody. happy monday to you. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. the market made a comeback despite europe's market. we were positive about 3
how did one potential bank tax on an island give everybody a market wedgejy? i asked, it's like fill in the blank. here's responses. it's like a 20 buck battery grounding entire 787 fleet. an unpruned tree in ohio taking down the entire northeastern power grid. like a kim kardashian marriage. only lasts a short while and utterly meaningless. bloomberg banning large sodas. sailing a carnival ship and expecting to make it home. like me giving a rip about honey boo boo's next show. >> i love...
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Mar 21, 2013
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but taxing depositors 10% is one thing. but keeping a 0% interest rates, don't you think savers have been hit at least 10%? >> more. >> so we recapitalized, which is the same thing. >> they are subseu diidizinsubs. >> retired people have been forced -- >> forced. >> the the two biggest in throws back-to-back months into the funds. >> we feel better about ourselves. >> it's not even that. it's just to maintain margins. they had a liquidity probably because they pretended a lot of exposures didn't belong to them. citigroup is the example. all of a sudden they had to take back all these assets and essentially put capital underneath them. that's where the leverage came from. that's why we had a crisis. >> do you see eye to eye on banking and in politics i doubt. you ran a bank. >> i think the banks needed to recap. okay. they were leveraged between 35 and 55 to 1. i think the one thing we learned is it's equity and nothing else is. they needed different equity. they needed to get ready before basel 3 or dodd/frank. they need to
but taxing depositors 10% is one thing. but keeping a 0% interest rates, don't you think savers have been hit at least 10%? >> more. >> so we recapitalized, which is the same thing. >> they are subseu diidizinsubs. >> retired people have been forced -- >> forced. >> the the two biggest in throws back-to-back months into the funds. >> we feel better about ourselves. >> it's not even that. it's just to maintain margins. they had a liquidity probably...
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Mar 14, 2013
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in part as bond market substitutes, and dividend paying stocks yield more than treasuries, and the tax treatment remains superior and far more bountiful than bond market, interest payments, cow upons taxed at a much higher income rate and created a very helpful investment climate. no matter what critics say, unless unemployment makes a quantum leap to 6.5%, yes, ben bernanke is the father of the bull market. that is for certain. and the fed has been incredibly important impetus behind the giant move. now, there are tons of pessimists out there who believe that because the fed created this environment, the fed is doomed to destroy it. the moment they take away the punch bowl and start tightening, they believe -- i think that's wrong. and more important, i think you are getting ahead of yourself if that's what are you worried about. and people have been worried for a year now. just because bernanke made the bull market, doesn't mean it's a pitiful helpful orphan, the bull can stand on its own four legs, and even if it wants on its own now, i expect bernanke won't tighten until we are at
in part as bond market substitutes, and dividend paying stocks yield more than treasuries, and the tax treatment remains superior and far more bountiful than bond market, interest payments, cow upons taxed at a much higher income rate and created a very helpful investment climate. no matter what critics say, unless unemployment makes a quantum leap to 6.5%, yes, ben bernanke is the father of the bull market. that is for certain. and the fed has been incredibly important impetus behind the giant...
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Mar 19, 2013
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the rest they have to pay a tax sale if they brought it from overseas. now, every quarter, they're paying out about $2.5 billion in dividends an the u.s. cash they're accumulating is just around $3 billion so, how many times can they hike the dividends by 60, 70%? not that many times. it could raise some issues. maybe they might want to go and open up a line of credit. it's not as straightforward as they've got this huge pile of cash. they can't just continue to hike it indefinitely out of u.s. portion, about a third of the cash they're generating. >> first of all, that question, they could do it if r a while, but secondly, these guys could be a borrower. microsoft, 30-year paper, creating under 4%. they don't like to do anything flexible with the balance sheet, but that's not a giant leap. why don't they do that? >> it's not to say they couldn't do it. it's just usually when this question happens, people talk about the 137 billion as if it's just there readily available. nothing's stopping them from . w lot of companies do that. apple does like to say w
the rest they have to pay a tax sale if they brought it from overseas. now, every quarter, they're paying out about $2.5 billion in dividends an the u.s. cash they're accumulating is just around $3 billion so, how many times can they hike the dividends by 60, 70%? not that many times. it could raise some issues. maybe they might want to go and open up a line of credit. it's not as straightforward as they've got this huge pile of cash. they can't just continue to hike it indefinitely out of u.s....
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Mar 18, 2013
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is digging in, not showing any compromise of taxes. >> president got his tax hike on january 1st. the talk about raising revenue is over. it's time to deal with the spending problem. >> i'm joined by congressman adam shift. congressman, thanks for being here. >> pleasure. >> when you hear speaker boehner at the moment coming out with very strong words not show anything nick in the front here. is this an opening bid and that he will compromise later on? >> i think that's what it is. this is his opening position, he doesn't want to move off it any earlier than he has to. if he wants to make a deal, if this is going to be the grand bargain that he's going to have to give on revenue. so far, $2.5 trillion in deficit reduction. there's plenty of room to cut more. and plenty of room to raise revenue and that's part of any big package. >> you heard senator corker, lay ought, if they give this, we'll give this as well. entitlements is what he's saying on the democratic side. what would you be open to? >> i'd be open to reducing costs in medicare. i think the affordable care act made a goo
is digging in, not showing any compromise of taxes. >> president got his tax hike on january 1st. the talk about raising revenue is over. it's time to deal with the spending problem. >> i'm joined by congressman adam shift. congressman, thanks for being here. >> pleasure. >> when you hear speaker boehner at the moment coming out with very strong words not show anything nick in the front here. is this an opening bid and that he will compromise later on? >> i think...
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Mar 18, 2013
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frantically looking to rejigger the tax. i stress, not eliminating the tax. maybe focus on the rich. take 20% of their dough. hard to say. this much is not. it is going to happen. because the government needs the dough. if they still want to get european union dough. it gets weird and complicated. desperate to stay in the euro club. does this ring a bell? it should. no one is taxing the bank holdings, thanks to obamacare, they are going after the other assets. 3.7% on investment sales larger than 100,000 grand. the next time you try to sell your house, trust me. you will hit the roof. think about that. tax not on your income, earned or unearned but your assets. what you have, what you own. your tangible assets. home here, bank account there. is there difference? no. no difference between american government taxing you for medical devices and what it deems as a medical insurance plan. taxing you not on what you make but what you have. the stuff you attain through life of work no, matter when you work or how much you made when you work. stuff you got now. to go
frantically looking to rejigger the tax. i stress, not eliminating the tax. maybe focus on the rich. take 20% of their dough. hard to say. this much is not. it is going to happen. because the government needs the dough. if they still want to get european union dough. it gets weird and complicated. desperate to stay in the euro club. does this ring a bell? it should. no one is taxing the bank holdings, thanks to obamacare, they are going after the other assets. 3.7% on investment sales larger...
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Mar 21, 2013
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the president, congress, they decided to raise taxes on the wealthy, put through a payroll tax increase, entitlements. we've got two out of three going. we had the president and congress raising taxes on the wealthy. i don't think bernanke wants to be the fed of 1937 because the recession came back aggressively and it was only world war ii that made the hiring come back. he doesn't want to be the guy -- he'd rather be second-guessed by all the bears who come on and say he's got to tighten because my short positions aren't making any money. he's not responding to the people who are short. he's actually responding to the american people. old-fashioned kind of guy. >> in terms of the reaction in the markets after the ben bernanke news conference, was that surprising at all that, for whatever reason, for whatever he said, the markets managed to rise and actually reached the highs of the day afterwards? >> i think there were a lot of people who expected that he would put in some language that just says, we're not going to keep rates low indefinitely because we see real estate, affordability
the president, congress, they decided to raise taxes on the wealthy, put through a payroll tax increase, entitlements. we've got two out of three going. we had the president and congress raising taxes on the wealthy. i don't think bernanke wants to be the fed of 1937 because the recession came back aggressively and it was only world war ii that made the hiring come back. he doesn't want to be the guy -- he'd rather be second-guessed by all the bears who come on and say he's got to tighten...
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Mar 20, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome >>> welcome back to "squawk box." the futures right now are moving around a little. up about 87 points, which would get back some of the problems we had on monday and tuesday. is today wednesday? >> today is wednesday. first day of spring. >> 7:02, awesome. winter went fast. >> didn't it? >> we have the music too. >> we do. >> the weather -- the winter weather's not over yet. sorry to say. >> you heard what i told you. >> yeah. >> you think it's global warming. >> global warming. >> because it's cold. it must be global warming. >> real estate company just out -- >> going against the religion, get in trouble with who? the "new york times." go ahead. >> just out with the wint
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome >>> welcome back to "squawk box." the futures right now are moving around a little. up about 87 points, which would get back...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possibloss o. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. i really like your new jetta! and you want to buy one like mine because it's so safe, right? yeah... yeah... i know what you've heard -- iihs top safety pick for $159 a month -- but, i wish it was more dangerous, like a monster truck or dune buggy! you can't have the same car as me! [ male announcer ] now everyone's going to want one. let's get a jetta. [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a jetta. that's the power o
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possibloss o. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's...
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Mar 21, 2013
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they didn't want to tax depositors. they're going to resolve at least one bank. brussels would like them to do two. that means getting rid of bad banks over time. that means losses of employment, uninsured depositors will take very large hits. insured depositors will remain whole and the banking system will stay afloat. this will please the european central bank so that everything can re-open on tuesday, if everything goes according to plan. as long as these guys in the parliament vote on this tomorrow. >> keith, i want ask you this because there are a lot of ifs. is this any better for the stock market tomorrow? >> i think it's a reason to contextualize why you'd sell for crisis reasons all the way up. but trade a 30-point range in the s&p 500 and a tight three-point range in the vix. and on the vix, 11 to 14. i think this crisis situation only insulates that trading range. >> today you saw 10 and a half percent surge. >> we did. it's because of the uncertainty. if we do have some certainty, i think that comes out of it tomorrow. most or all of that 10% pop in t
they didn't want to tax depositors. they're going to resolve at least one bank. brussels would like them to do two. that means getting rid of bad banks over time. that means losses of employment, uninsured depositors will take very large hits. insured depositors will remain whole and the banking system will stay afloat. this will please the european central bank so that everything can re-open on tuesday, if everything goes according to plan. as long as these guys in the parliament vote on this...
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Mar 21, 2013
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. ♪ hallelujah >> washington raised income taxes on the wealthy. >> boo! >> took the top marginal rate to the astounding 75% and instituted a 2% payroll tax for social security. their goal? they wanted to start trying to balance the budget because the president and treasury secretary were worried about the long term deficit? does that sound familiar? at the exact same time, the fed tightened rates, doing what all the bears say bernanke should do, betting that inflation could rage and rage easily if the fed stayed easy, which is what his critics are saying he should do right now. but when we went down this road in 1937 it sent the economy into an amazing tail spin. causing a recession within a depression. it was an economic calamity that was totally avoidable if the people in power made different, smarter choices. especially the federal reserve. ben bernanke does not want history to repeat itself. he's not going down the path of what the fed did in 1937. he's not stupid. even though that's exactly the path unfortunately that the president and congress are t
. ♪ hallelujah >> washington raised income taxes on the wealthy. >> boo! >> took the top marginal rate to the astounding 75% and instituted a 2% payroll tax for social security. their goal? they wanted to start trying to balance the budget because the president and treasury secretary were worried about the long term deficit? does that sound familiar? at the exact same time, the fed tightened rates, doing what all the bears say bernanke should do, betting that inflation could...
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you do not pay tax. they have to have lawyers now, accountants and -- >> 9600 jurisdictions that they have to keep track of. and each one had that is a different set of rules and regulations. i hear the argument, it's not a big deal that someone will figure it out with software, it's not about the software, it's about compliance and aud auditing and small businesses spending time on paperwork instead of getting back to work. >> i feel it's a tax grab. what bothers me is you may favor that tax grab. that is my concern. can you dissuede me from that concern? >> i do not like this tax grab. states fund themselves with sales tax. it's the primary way that states generate, revenues for themselves. so we cannot take away the only way they generate revenue. >> some states. >> some, right, but maybe a better way to do it is to collect the tax in the state where the psmall business exist. >> how about that? >> that is what exists now, it's across state lines that we are talking about. >> go ahead. go ahead. pleas
you do not pay tax. they have to have lawyers now, accountants and -- >> 9600 jurisdictions that they have to keep track of. and each one had that is a different set of rules and regulations. i hear the argument, it's not a big deal that someone will figure it out with software, it's not about the software, it's about compliance and aud auditing and small businesses spending time on paperwork instead of getting back to work. >> i feel it's a tax grab. what bothers me is you may...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possibloss o. acceler-rental. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. but i am your rmarket data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarter now. and so much less expensive. i am your market data. and if i do say so myself, i have never looked better. superderivatives introduces dgx. data done differently. >>> in the >>> in the next hour of the program we have bank of america and merrill lynch and they have a bullish note on these markets and buy on the dips and we can go 5% higher by the end of the year. the co-founder of t
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possibloss o. acceler-rental. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at...
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republicans on wednesday, but apparently made little progress in convincing them to accept his demands for tax increases as part of a deficit deal. the senate budget committee began debating its counterproposal to paul ryan's budget. the sausage making process continues in the u.s. and in europe where the european parliament, get this, has stripped down a budget deal reached by eu leaders last month that called for significant changes. mvps did not change the 960 billion euro spending limit, but pressed for the distribution of funds and a mid year review. the european parliament chair called the move an important step for democracy. >> the parliaments want to be taken as a serious partner. we are prepared to negotiate. this is an offer to the council to compromise and improve the framework. >> now, this comes as european union heads of state are kicking off another two-day summit in brussels today. leaders reportedly making plans to loosen the rules which will allow the companies more time to balance their budgets. julia chatterly is live in brussels. julia, germany made a point ahead of this
republicans on wednesday, but apparently made little progress in convincing them to accept his demands for tax increases as part of a deficit deal. the senate budget committee began debating its counterproposal to paul ryan's budget. the sausage making process continues in the u.s. and in europe where the european parliament, get this, has stripped down a budget deal reached by eu leaders last month that called for significant changes. mvps did not change the 960 billion euro spending limit,...
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if you're going to tax me 10% i'll take my money out. trust me. >> greta: most think that will never happen here, we don't need to feel like that, but you know, in these very sort of perilous financial times, anything is possible, i suppose. >> in this day and age, you know it is. and when people get their backs against the wall, i ran against the bailouts and now they didn't work the first time and now they need them in europe and you know, saying, we're going to take people's money and go in and tax 10 to 15% of your hard earned money and that's why we brought the resolution to the floor and i asked 30 people yesterday to co-sign it. first 23 signed and seven said send me the information. >> who are the three that need more information. do you out them? >> no, i think the-- i probably would have been one, normally if somebody asks me to sign something on the floor, send it to my staff and let me read it. >> is it bipartisan, any democrats. >> not yet, but i've talked to a few democrats, but i walked down the republican side of the peop
if you're going to tax me 10% i'll take my money out. trust me. >> greta: most think that will never happen here, we don't need to feel like that, but you know, in these very sort of perilous financial times, anything is possible, i suppose. >> in this day and age, you know it is. and when people get their backs against the wall, i ran against the bailouts and now they didn't work the first time and now they need them in europe and you know, saying, we're going to take people's...
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they also benefited from a lower tax rate, maria, and one of the things folks are watching, their futures, these are pending orders, they're up 6%. the estimate had been for them to be up 5%. they'll have a conference call at about 5:00 eastern. back to you. >> we will be watching. thanks so much, bertha. is now the time to jump back into gold? you just heard jim grant talk about it. the precious metal hitting a high. a lot of money that's in stocks right now will be headed into gold, says dennis gartman. >>> and later, what's happening in washington and how is that affecting farms? tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800
they also benefited from a lower tax rate, maria, and one of the things folks are watching, their futures, these are pending orders, they're up 6%. the estimate had been for them to be up 5%. they'll have a conference call at about 5:00 eastern. back to you. >> we will be watching. thanks so much, bertha. is now the time to jump back into gold? you just heard jim grant talk about it. the precious metal hitting a high. a lot of money that's in stocks right now will be headed into gold,...
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you're going to tax foreigners instead of taxing your own people. that's one of the rationales for doing this. >> you don't go into that cycle of more austerity and the worst economy, more austerity and worse economy. >> right. >> you can see why they've done it. >> you can. i think the real is why would you go below the insurance threshold? it's such a killer of confidence. why would you risk that and i am told by numerous sources and it's because the president of cyprus didn't want to go above 9.9% originally the same way the dollar store doesn't want to price over 99 cents and he didn't want to tell the foreign depositors that he would take 16% of their money. >> in essence they're taxing the poor in order to keep the offshore on moo. >> to keep their business intact. >> great reporting. we'll come back to you in the show. >> let us bring in charlie and director of research with ariel investments as well as gary thayer, chief macro strategist with wells fargo advisers. gary, first to you. does this change your overall view on the u.s. stock marke
you're going to tax foreigners instead of taxing your own people. that's one of the rationales for doing this. >> you don't go into that cycle of more austerity and the worst economy, more austerity and worse economy. >> right. >> you can see why they've done it. >> you can. i think the real is why would you go below the insurance threshold? it's such a killer of confidence. why would you risk that and i am told by numerous sources and it's because the president of...
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it back and pay the taxes. that's an enormous issue for apple that's close to 70% of its cash overseas and it's not an easy answer for that today. and it could be $170 billion by the end of this year says the financial times this morning and what does it mean for the sector moving forward? so far it's disappointed many, many people. >> i guess the question is how do they put that cash to use? many of us would like to see greater buybacks and greater dividends and could there be more m and a coming which would be positive for the market. in the interim, stronger dividends and stronger buybacks is something that should help at least on the margin. >> let's just say, will, ceo tim cook picks up the phone and gives you a call and says hey, will, what do you think we should do with our cash? what would you tell him? >> i think they should increase the dividend moderately. they're generating $40 billion a year in free cash flow and that could be a 15 billion number and maybe even a $20 billion annual dividend. >> let
it back and pay the taxes. that's an enormous issue for apple that's close to 70% of its cash overseas and it's not an easy answer for that today. and it could be $170 billion by the end of this year says the financial times this morning and what does it mean for the sector moving forward? so far it's disappointed many, many people. >> i guess the question is how do they put that cash to use? many of us would like to see greater buybacks and greater dividends and could there be more m and...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> talk back question today, is mississippi's anti-bloomberg bill a good idea? this from molly, way to go, mississippi, government has no right to dictate what citizens are allowed to eat and drink. from lanny f you don't have the self-control to live a healthy life you're inviting government interference. it's your choice. this from kj, a temper tantrum knee-jerk reaction only hurts mississippi residents. if he gets people to rethink their habits, why not. >> keep the conversation going, facebook.com/carolcnn or tweet me @carolcnn. this engine's got some juice. how far do you want to take it? up to you. chevy cruze's six-speed transmission allows for lower shift points, offering an e
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> talk back question today, is mississippi's anti-bloomberg bill a good idea? this from molly, way to go, mississippi, government has no right to dictate...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. tdd#: 1-800-345-2550 seems like etfs are everywhere these days. tdd#: 1-800-345-2550 but there is one source with a wealth of etf knowledge tdd#: 1-800-345-2550 all in one place. tdd#: 1-800-345-2550 introducing schwab etf onesource™. tdd#: 1-800-345-2550 it's one source with the most commission-free etfs. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 one source with etfs from leading providers tdd#: 1-800-345-2550 and extensive coverage of major asset classes... tdd#: 1-800-345-2550 all brought to you by one firm tdd#: 1-800-345-2550 with comprehensive education, tools and personal guidance tdd#: 1-800-345-2550 to help you find etfs that may be right for you. tdd#: 1-800-345-2550 schwab
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. tdd#: 1-800-345-2550 seems like etfs are everywhere these days. tdd#: 1-800-345-2550 but there is one source with a wealth of etf knowledge tdd#: 1-800-345-2550 all...
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growth or more tax and spend? >> despite this confidence in their plan, the reality is that the ryan plan will likely pass the house tomorrow and then die a lonely death in the upper, lower chamber. having garnered no bipartisan support whatsoever. but don't expect that to be the end of the budget tango. and don't expect it to be the end of finger-pointing, either. as the majority leader reminds us, nothing says deal maker like an inability to compromise. >> if the president wants to let our unwillingness to raise taxes get in the way, then we're not going to be able to set differences aside. >> joining us now from new orleans, is democratic political strategist, james carville, the author of many books, including his latest "it's the middle class, stupid" james, it's a joy to have you on the show. thank you for joining us. i didn't have time to get into the wagner budget and the carville budget, but i wonder with the proliferation of budgets, mr. carville, do you think we're any closer to any kind of deal? >> pro
growth or more tax and spend? >> despite this confidence in their plan, the reality is that the ryan plan will likely pass the house tomorrow and then die a lonely death in the upper, lower chamber. having garnered no bipartisan support whatsoever. but don't expect that to be the end of the budget tango. and don't expect it to be the end of finger-pointing, either. as the majority leader reminds us, nothing says deal maker like an inability to compromise. >> if the president wants...
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what the fed giveth the tax man takes away. state taxes going up. fed level taxes going up. you're getting bidding wars in markets that were depressed. that's good news. you'll see new construction. that's so less verdict in the economy. that would be good news. look, in some cases you see people waiving mortgage contingencies. that's confidence that's been pent up. it's not widespread yet. >> housing is the single biggest story and -- >> house -- you're so right. >> i don't think this is a 6% growth economy but housing could get us to 3% growth which would -- jim you're the best. larry good to see you again. up next the once hidden tax cost of obama care keep coming out of the wood work like cockroaches. we got details on the latest massive tax just discovered from a monday regulation. stay with us to hear this story. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big ideas with smaller footprints. and knowing there's always more in the world to see. it's the all-new lin
what the fed giveth the tax man takes away. state taxes going up. fed level taxes going up. you're getting bidding wars in markets that were depressed. that's good news. you'll see new construction. that's so less verdict in the economy. that would be good news. look, in some cases you see people waiving mortgage contingencies. that's confidence that's been pent up. it's not widespread yet. >> housing is the single biggest story and -- >> house -- you're so right. >> i don't...
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and so the solution they came up with was taxing deposits in banks. that has turned out to be incredibly controversial. last night the parliament here voted it down even though there had been intense negotiations for weeks about it. now today, it's about plan "b" and it's not clear whether there will be a plan "b." the banks are closed, only get money out of atms, the financial system here on the verge of collapse. and if things don't get resolved quickly, this could be the first country that leaves the euro, chris. >> obviously, investors around the world are watching this really closely. what about here in the u.s.? what kind of repercussions might we feel here? >> well, the biggest repercussion that we saw is when they decided they were going to tax the deposits in banks, just like we have in the united states where we know that if one of our banks fails, we are protected up to a certain amount, 250,000, they have that law in europe, as well, 100,000 euros, but by doing a tax below 100,000, they violated this idea that there was a lot of insurance
and so the solution they came up with was taxing deposits in banks. that has turned out to be incredibly controversial. last night the parliament here voted it down even though there had been intense negotiations for weeks about it. now today, it's about plan "b" and it's not clear whether there will be a plan "b." the banks are closed, only get money out of atms, the financial system here on the verge of collapse. and if things don't get resolved quickly, this could be the...
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and first of all they did it by reducing and taking away child benefits, which was universal tax credit that was given to all mothers. they did that five months ago. now yesterday they announced that they were going to give credit to parents who were going out to work, but they weren't actually going to bring it into place until 2015 until the next government's in place. so we've got a long way to go until it actually happens. >> there was an interesting survey here in the united states salary.com, i'll give you the stats, they said that mothers spend about 94 hours a week working on their parental duties. this is no real surprise i suppose if you've got kids. things like child care, cooking and cleaning. if they were to get paid for those duties with today's sort of average salary rankings, it comes out to $112,000 a year you'd be paying them. so you generally think stay at home moms aren't respected in great britain or generally speaking within the community? >> no, they're not respected. women visible in country and there are only two countries in the whole world that don't recognize
and first of all they did it by reducing and taking away child benefits, which was universal tax credit that was given to all mothers. they did that five months ago. now yesterday they announced that they were going to give credit to parents who were going out to work, but they weren't actually going to bring it into place until 2015 until the next government's in place. so we've got a long way to go until it actually happens. >> there was an interesting survey here in the united states...
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so when you hollow out the base of it property tax owners and still put the property tax owners on the hook, once they have been evicted, you have a bad situation. >> dave, thanks so much for being with us. >> thank you. >>> today's tweet of the day comes from former labor secretary robert reich. federal budget not analogous to a family budget. in fact, when families budget we need to be last resort. ♪ [ laughs ] whoo. ♪ oh. nice! great! [ laughs ] a shot like that calls for a postgame celebration. [ male announcer ] share what you love with who you love. kellogg's frosted flakes. they're gr-r-eat! kellogg's frosted flakes. when you lost the thing you can't believe you lost.. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid card. spends like cash. feels like membership. [ sneezes ] you're probably muddling through allergies. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin®
so when you hollow out the base of it property tax owners and still put the property tax owners on the hook, once they have been evicted, you have a bad situation. >> dave, thanks so much for being with us. >> thank you. >>> today's tweet of the day comes from former labor secretary robert reich. federal budget not analogous to a family budget. in fact, when families budget we need to be last resort. ♪ [ laughs ] whoo. ♪ oh. nice! great! [ laughs ] a shot like that...
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they just want lower taxes. they're not interested in truly balancing the budget. if you look at the plans and how long it takes them to balance the budget. so the part of the debate that i think is a problem now is that the democrats keep saying we want revenue increases instead, what democrats should be for are closing the loopholes that mitt romney talked about ad nauseam in the first debate. >> balanced budgets don't produce economic growth. >> we're talking about some budget sanity. >> here's the problem, the problem is in this political climate, to talk about the reasonable proposition that jonathan alter put forward is null and void. the focus is so ideologically blinded with their obsession with cutting taxes for wealthy people. when you talk about closing loop hoels, we know wages, interest and taxes have closed the income inequality in america. business income and retirement income has exacerbated the inequality. and capital gains have made it worse. the point is that the republicans are not interested in having that conversation. in this ideological clim
they just want lower taxes. they're not interested in truly balancing the budget. if you look at the plans and how long it takes them to balance the budget. so the part of the debate that i think is a problem now is that the democrats keep saying we want revenue increases instead, what democrats should be for are closing the loopholes that mitt romney talked about ad nauseam in the first debate. >> balanced budgets don't produce economic growth. >> we're talking about some budget...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily...
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. >>> and michele bachmann is saying president obama is wasting her tax dollars on his family and his dog beau. she said stuff in the past that has no facts to back it up. we wanted to ask where she got her fact this is time. we'll show you what happened when dana bash tracked her down. just when you thought you had experienced performance a new ride comes alo and changes everything. the powerful gs. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. nlove. as americans, we believed we can'tin freedom.person we during the command performance sales event. that's what i fought for as a marine, and that's what we believe in as republicans. freedom means freedom for everyone. i didn't use to understand the importance of same-sex marriage, but after learning my brother was gay i wanted the same rights for him. he was the best man at my wedding and i want to be the best man at his. it's only fair that calvin should have the freedom to marry the person he loves, too. it's time for marriage. google's backyard for the w
. >>> and michele bachmann is saying president obama is wasting her tax dollars on his family and his dog beau. she said stuff in the past that has no facts to back it up. we wanted to ask where she got her fact this is time. we'll show you what happened when dana bash tracked her down. just when you thought you had experienced performance a new ride comes alo and changes everything. the powerful gs. get great values on your favorite lexus models during the command performance sales...
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Mar 14, 2013
03/13
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and of course, others more conservative who said they're just not going to raise taxes. we saw that reflected to some extent in the op-ed that house speaker john boehner wrote today, in which he really called on the president to come forward more with entitlements, to be willing to give up more on entitlements, that of course is the other big sticking point in these negotiations. i can tell you, andrea, that according to a senior administration official, the president is planning to have more of these meetings, once he returns from israel. apparently during this so-called charm offensive, which really started last week and continued into this week. a number of republicans did express a desire to have more meetings. so in terms of what got accomplished, everyone agrees this was really a first step. and nothing major was accomplished, nothing tangible. however, there is a sense that there will be future conversations and that there is some potential room there for movement. >> andrea? >> and chris icillizza, we're told now that. >>> amy was right, supporting it and is one
and of course, others more conservative who said they're just not going to raise taxes. we saw that reflected to some extent in the op-ed that house speaker john boehner wrote today, in which he really called on the president to come forward more with entitlements, to be willing to give up more on entitlements, that of course is the other big sticking point in these negotiations. i can tell you, andrea, that according to a senior administration official, the president is planning to have more...
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Mar 15, 2013
03/13
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most of these european countries, they have 50% tax rates. they're already starting at a point where they'll have a hard time recovering. france has 75% tax rate. >> that's only just been raised. britain is 40%. let's just get the -- >> it's still high. >> if you're talking local taxes included -- >> what i'm trying to put to you, really, ron, is the idea of slashing the budget. >> not slashing. >> and balancing the budget in the way that you propose and way rand paul did this week and the way paul ryan does. >> i just don't understand -- >> all of the best kmist economn the world are telling us all that would do is force us back into a recession. >> i don't understand. remember, when the government spends $1, it has to take it from the private sector. you're taking money out. actually my girlfriend had a great article on this that if you look at our deficit, $1 trillion, how many jobs does that equal? over 100,000 jobs that we're taking out of the economy and spending in the deficits. it's this idea, this liberal multiplier effect that gover
most of these european countries, they have 50% tax rates. they're already starting at a point where they'll have a hard time recovering. france has 75% tax rate. >> that's only just been raised. britain is 40%. let's just get the -- >> it's still high. >> if you're talking local taxes included -- >> what i'm trying to put to you, really, ron, is the idea of slashing the budget. >> not slashing. >> and balancing the budget in the way that you propose and way...
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Mar 15, 2013
03/13
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CNNW
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that you say we're in congress right now at an absolute stranglehold because republicans say, look, tax cuts give more money to people. and when people have more money, they open up their small businesses, their medium-size businesses they employ more people. if people are getting money out of the stock market will it be the same? >> well, will they start to hire? that's this disconnect that we're seeing right not. you're not seeing the job growth come along with the economic growth. that's what's frustrating. when i talk about new millionaires being minted in the stock market. i get angry feedback. i'm in under water in my loan. i'm not in the stock market. i don't have a good job to do this. >> you know what they say about depression babies? >> what? >> they never change their ways after the depression. that's why they've been careful. >> if you were careful, you would nut miss a big rally here. >> good to see you. >> you, too. >>> we have a lot of other big news, a close call actually for the new head of the catholic church. yikes, a stumble. can recovery, though. pope francis stumbl
that you say we're in congress right now at an absolute stranglehold because republicans say, look, tax cuts give more money to people. and when people have more money, they open up their small businesses, their medium-size businesses they employ more people. if people are getting money out of the stock market will it be the same? >> well, will they start to hire? that's this disconnect that we're seeing right not. you're not seeing the job growth come along with the economic growth....
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Mar 19, 2013
03/13
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FOXNEWSW
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never having to surrender the things that matter. gotcha. that's powerful. verizon. martha: we are following a very disturbing breaking news development out of syria this morning. and we are going to bring you all of the latest on that today. we also want to tell you about a very tragic event that happened today in hawthorne, nevada. it was a deadly explosion that happened during a training exercise. this is new information that we're getting on this. it happened at an army ammunition depot in western nevada, sadly, tragically, seven u.s. marines lost their
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never having to surrender the things...
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Mar 13, 2013
03/13
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CNBC
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november, december and then come january payroll taxes, et cetera. we believe the pullback will come. for us it's more of an opportunity longer term. things are in place when you look at balance sheets and you look at overall companies, you look at growth rates and companies are going to grow now. topline growth companies who have restructured looking globally. whether today or the next couple months, the market is at a high. valuations at 14 times earnings. you have to dig down. it's not buying the market today. it's buying specific sectors and stocks within it. >> waiting for the pullback is -- when is it going to happen? when it does, how significant is it going to be? >> our view is -- >> sound like you don't think it will be big. >> even if it is, if you look at the charts and you look over the last five or ten years, people who have made money if they stayed invested. today you go back ten years and you have 10% annual return. you can do that. the question is if you listen to too many talking heads and they say now is a time to pull back and wa
november, december and then come january payroll taxes, et cetera. we believe the pullback will come. for us it's more of an opportunity longer term. things are in place when you look at balance sheets and you look at overall companies, you look at growth rates and companies are going to grow now. topline growth companies who have restructured looking globally. whether today or the next couple months, the market is at a high. valuations at 14 times earnings. you have to dig down. it's not...
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Mar 18, 2013
03/13
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CNNW
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that's a 6% tax. actually 6.7% tax. so people obviously getting nervous about this tax over the week weekend, they rushed to withdraw their money. but keep in mind lawmakers are still working on this proposal trying to come up with something a little more equitable. some proposals are being floated that is. so a vote on this has been postponed until tomorrow. but you're seeing the markets react because this could really be a game changer in this eurozone debt drama that we used to talk about so much and now brought to the forefront because it show as bank doesn't have to fail to reach in and grab your money. so it has also big implications for future bailouts, as well. what if this idea does catch on in cyprus, what happens to other countries in europe. so you're seeing the ripple effect from europe all the way here to the u.s. at least in the stock market. we are seeing shares of banks here in the u.s. like bank of america, jpmorgan chase, down 1% to 2%. that's what's dragging down the dow. down 73 points. >> i'm sure
that's a 6% tax. actually 6.7% tax. so people obviously getting nervous about this tax over the week weekend, they rushed to withdraw their money. but keep in mind lawmakers are still working on this proposal trying to come up with something a little more equitable. some proposals are being floated that is. so a vote on this has been postponed until tomorrow. but you're seeing the markets react because this could really be a game changer in this eurozone debt drama that we used to talk about so...